Multibagger Alert: 3 stocks listed last month have risen up to 400%

3 min read . Updated: 11 Jan 2023, 05:30 PM IST MintGenie Team

According to media reports, 40 Indian companies raised ₹59,412 crore through IPOs in CY2022

PNGS Gargi Fashion Jewellery stood at the top of the leaderboard. The stock, which went public on December 22, 2022, enjoyed a great debut, opening at an almost 90% premium of ₹57 compared to the issue price of ₹30 apiece. Later, it ended the first day with a 99.5 percent gain at ₹59.9.

According to media reports, 40 Indian companies raised ₹59,412 crore through IPOs in CY2022, which is less than half of the ₹1,18,723 crore raised by 63 corporates in 2021. However, the overall performance of the new entrants was largely positive.

MINT PREMIUM See All

Last year, the Indian equity markets experienced extreme volatility as a result of mounting recession fears, high commodity prices, and interest rate hikes. Despite the wild swings in the markets, some new entrants have managed to generate multi-bagger returns.

Know your inner investor Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.